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Finance leases

By: Language: English Series: Estates Gazette ; (9138) 28 September 1991, 93(1)Publication details: 1991Subject(s): Summary: The Inland Revenue has issued guidelines on the tax treatment of rent payable under finance leases which could reduce tax relief for lessees. The move is likely to worsen the position for companies which use finance leasing to purchase or fund their buildings.

The Inland Revenue has issued guidelines on the tax treatment of rent payable under finance leases which could reduce tax relief for lessees. The move is likely to worsen the position for companies which use finance leasing to purchase or fund their buildings.